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Showing posts from March, 2021

Agrochemicals and Paints & Coatings Leads the Specialty Chemicals Demand - Market Research Report (2020-2026)

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Industry Experts, Inc. released an updated 2021 version of the market research report on Specialty Chemicals. As per the new report, the market for Agrochemicals is estimated the largest amongst all other chemical types in 2020 accounting for a share of 22% closely followed by Paints & Coatings. The evolutionary nature of the Specialty Chemicals business has meant that the traditionally dominant regions of North America, Europe and Japan have made way for fast growth in emerging Asian, South American and Middle Eastern & African economies. Asia-Pacific, in fact, is estimated as the largest, as also the fastest growing, global market for Specialty Chemicals . This growth can be attributed to rapid industrialization, improved standards of living in several developing regions, discernible shift in the global chemical industry’s center of gravity towards the Middle East due to the abundant availability of cheap petrochemical feedstocks and Asian markets offering cheap labor couple

COVID-19 Impact on Omega-3 PUFAs Market was Moderate to Nil Across the Globe and Demand is projected to Reach 200k Metric Tons by 2026

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Industry Experts, Inc. published an updated 2021 version of its most comprehensive global market research report on Omega-3. The new report “ Omega-3 Polyunsaturated Fatty Acids (PUFAs) – A Global Market Overview " reveals that Omega-3 supplements, prescription drugs, and infant nutritional products saw significantly increased sales in March-April timeframe across majority of the regions, particularly in North America, Europe, Japan, and South Korea, attributed to consumer stockpiling. Much of these sales were online and this trend has been continued throughout the year. COVID-19 Pandemic effect on the global Omega-3 ingredients market varied materially by country and end-use applications, depending on the timing of the outbreak and consumer behavior. Overall, the impact of coronavirus on global Omega-3 was moderate in 2020 and expected to recover significantly in 2021. Omega-3s demand in animal/pet nutrition applications was least impacted by the pandemic, as these ingredients